Ceelo Company purchased (at cost of $11, 385) and used 2, 300 pound of materials during May. Ceelo's standard cost of materials per unit produced is based on 3 pounds per unit produced is based on 3 pounds per unit at a cost $5.00 per pound. Production in May was 707 units. (a) Compute the total price and quantity variance for materials. Total materials Variance Materials Price Variance Materials Quantity Variance